Sensex

Monday, June 25, 2007

$$ DreamGains !! $$ FW: [SPAM] PowerYourTrade Trading Calls

 

 

From: mailer9-bounces@mailman3.moneycontrol.com [mailto:mailer9-bounces@mailman3.moneycontrol.com] On Behalf Of PowerYourTrade
Sent: 26 June 2007 08:56
To: alerts@poweryourtrade.com
Subject: [SPAM] PowerYourTrade Trading Calls

 

Trading Calls for 26th June 2007

Ashwani Gujral

Buy Godrej Industries with stop loss of Rs 184 for a target of Rs 260

Buy Godrej Industries with stop loss of Rs 184 for a target of Rs 260.

Disclosure:Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future.

Buy Reliance Petroleum with stop loss of Rs 93 for a target of Rs 140

Buy Reliance Petroleum with stop loss of Rs 93 for a target of Rs 140.

Disclosure:Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future.

 

 

Rajat K Bose

" There wont be any trading call picks from Mr Rajat K Bose today..."

 

 

Deepak Mohoni

Buy India Infoline at Rs 765 with stop loss at Rs 750. This is a day-trading recommendation.

Buy India Infoline at Rs 765 with stop loss at Rs 750. This is a day-trading recommendation.

These are intra-day trading recommendations. Use trailing stops once the position is taken. The extreme price of the previous 45-90 minutes at any time can be used as the trailing stops.

I have no position in any of these stocks at the time of writing (0935 hours, 26th June 2007), nor am I aware of any family members or clients holding positions in these stocks. The stocks may or may not have been recommended as buys and/or short sales in the last two months, but that is irrelevant since these are purely day-trading recommendations.

Short sell Mahindra Gesco at Rs 545 with stop loss at Rs 555. This is a day-trading recommendation.

Short sell Mahindra Gesco at Rs 545 with stop loss at Rs 555. This is a day-trading recommendation.

These are intra-day trading recommendations. Use trailing stops once the position is taken. The extreme price of the previous 45-90 minutes at any time can be used as the trailing stops.

I have no position in any of these stocks at the time of writing (0935 hours, 26th June 2007), nor am I aware of any family members or clients holding positions in these stocks. The stocks may or may not have been recommended as buys and/or short sales in the last two months, but that is irrelevant since these are purely day-trading recommendations.

 

E Mathew

Buy Valecha Engineering on declines with stop loss of Rs 235 for a short-term target of Rs 270.

Buy Valecha Engineering on declines with stop loss of Rs 235 for a short-term target of Rs 270.

Disclaimer: - I, my family members and my group companies do not have any position what so ever in VALECHA ENGINEERING. This stock has been recommended to our clients and they may be holding long or short positions in this stock.

Mathew Easow and matheweasow.com gives an unbiased and competent picture of trading opportunities and it does that to the best of its abilities. However, prices can move up as well as down due to number of factors, all of which are impossible for anyone to foresee. THEREFORE, Mathew Easow and matheweasow.com cannot accept any responsibility for any investment decision or trading decision taken by readers and clients on the basis of information contained herein.

Short Term Target Means - Approximately 3 Months. Medium Term Target Means - Anything between 7 - 9 Months. Long Term Target Means - Anything above 1 Year.

Please follow stop losses very strictly and do not take positions where one is uncomfortable with the stop loss level. Above all Buy or Sell the stock only when the risk - reward ratio vis-a-vis the stop loss is favourable for taking a position

 

 

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$$ DreamGains !! $$ FW: Tourism Finance Corporation of India: Sharekhan Stock Idea dated June 25, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 25 June 2007 15:27
To: The Sharekhan Research Team
Subject: Tourism Finance Corporation of India: Sharekhan Stock Idea dated June 25, 2007

 

 

Stock Idea
[June 25, 2007] Please see the attachment for details

Sharekhan
www.sharekhan.com

Summary of Contents

STOCK IDEA

Tourism Finance Corporation of India   
Cluster: Cannonball
Recommendation: Buy
Price target: Rs30
Current market price: Rs17.1

Riding on improved prospects for tourism sector 

Key points

  • To benefit from the positive outlook on tourism sector: Tourism Finance Corporation of India’s (TFCI) deteriorating financial performance and increasing NPAs were a direct consequence of the downturn in the tourism sector in the late 1990s. However, the positive outlook for the tourism sector going forward would significantly benefit TFCI in terms of higher loan growth. 
  • Substantial improvement in asset quality: TFCI has significantly improved its asset quality. Its net NPAs, which were high at 11% in FY2004, were at 2.6% in FY2006 and are expected to fall further in FY2007. Higher recoveries and lower incremental NPAs have helped reduce the level of its NPAs.
  • Possible foray into private equity space to boost future earnings: TFCI is also reported to be in talks with major private hotel chains, real estate funds and private equity players to raise private equity to finance large hotel projects. This will enable TFCI to generate a fee income, and increase its ability to co-invest and lend.
  • Dividend payment now possible: Due to its high NPAs, TFCI was not permitted by the RBI to pay dividends in FY2005 and FY2006. TFCI had paid a dividend of Rs0.7 per share in FY2004. If it resumes dividend payment at the earlier historical rate, the dividend yield would work out to 4%, which could provide a margin of safety for the stock. 
  • Stock could trade at Rs30: TFCI had a reported book value of Rs27 per share in FY2006. The stock is trading at 0.6x trailing book and is cheaper than most other financial stocks. At our target price/book value of 0.8x for FY2009, the price target for the stock works out to Rs30 per share. We believe that the valuation at 0.8x is reasonable given that the company has never made losses, its NPAs have turned around and its loan growth is expected to be strong with the improving prospects of the hotel and tourism industry. We therefore recommend a Buy on TFCI with a price target of Rs30.    

Regards,
The Sharekhan Research Team

myaccount@sharekhan.com

 

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$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated June 25, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 25 June 2007 15:41
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated June 25, 2007

 

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

June 25, 2007

 

Index Performance

Index

Sensex

Nifty

Open

14,469.43

4,251.40

High

14,521.62

4,264.25

Low

14,424.71

4,236.30

Today's Cls

14,487.72

4,259.40

Prev Cls

14,467.36

4,252.05

Change

20.36

7.35

% Change

0.14

0.17

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Concor

2,325.70

6.22

GMR Infra

649.80

5.49

BILT

122.60

5.46

TNPL

98.15

5.25

Fertilisers Chemicals

22.95

4.79

Losers

Mico

4,513.05

-5.69

BEML

1,145.00

-3.81

Finolex Industries

82.60

-3.50

Balaji Telefilms

218.45

-3.32

PFC

144.20

-3.29

Market Statistics

-

BSE

NSE

Advances

1,500

541

Declines

1,073

524

Unchanged

73

30

Volume(Nos)

22.54cr

29.44cr

 Market Commentary 

Capital goods stocks rally in volatile market

While selling pressure saw most of the stocks slip from higher levels, capital goods stocks held on to their gains and ended firm.

The market recovered most of the day’s losses towards the close of today’s session, after shedding 97 points in early trades from the day's high of 14522.  

 

Tracking weak global indices the Sensex opened marginally above its previous close, but the mood remained bearish and the market slipped on profit booking in index pivotals, banking and information technology (IT) stocks. The market once again witnessed selling pressure and the Sensex touched the day's low of 14425 by the afternoon amid a choppy session. However, the Sensex recovered, shrugging off the weakness in the early trades on substantial buying towards the close and ended the session at 14488, up 20 points. The Nifty gained by seven points to close at 4259.

The breadth of the market was positive, with the gainers outpacing the losers in a ratio of 1.40:1 on the BSE. Of the 2,646 stocks traded on the BSE, 1,500 stocks advanced, 1,073 stocks declined and 73 stocks ended unchanged. Barring a few most of the sectoral indices gave up their early gains and ended weak. The BSE IT index declined by 0.94% followed by the BSE Auto index (down 0.81%) and the BSE HC index (down 0.79%). While the BSE CG index rallied sharply and gained 1.13%.

Select counters logged steady gains. L&T rose 2.77% at Rs2,166, Reliance Communication added 1.83% at Rs523, HDFC gained 1.31% at Rs1,904 and Bharti Airtel moved up by 1.25% at Rs833. However, several index heavyweights slipped into the red and ended with losses. Cipla declined by 1.76% at Rs206, Bajaj Auto dropped 1.69% at Rs2,138, Satyam Computer slumped 1.53% at Rs455, HLL shed 1.46% at Rs189, Grasim lost 1.36% at Rs2,461, TCS declined by 1.27% at Rs1,126, Maruti Udyog slipped by 1.14% at Rs753 and Tata Motors was down 1.07% at Rs677. 

Tech stocks came under sustained selling pressure. Patni Computer tumbled by 3.41% at Rs494, Infotech Enterprises dropped 2.84% at Rs377, Logix Microsystems slumped 2.75% at Rs260 and Allsec Technologies shed 2.73% at Rs237. 

However the majority of the capital goods stocks logged significant gains. Voltamap Transformers flared up 11.88% at Rs841, Esab India advanced by 8.79% at Rs460, Honda Siel Power added 6.22% at Rs191, Indo Tech Transformers gained 6.05% at Rs417 and Indo Asian Fusegear was up 6% at Rs141.

Over 1.39 crore IKF Technology shares changed hands on the BSE followed by Bampsl Securities (89.78 lakh shares), Reliance Petro (70.90 lakh shares), Hindalco (70.30 lakh shares) and Reliance Natural Resources (50.96 lakh shares).

Value-wise, Indiabulls Real Estate clocked a turnover of Rs137 crore on the BSE followed by Hindalco (Rs119 crore), Reliance Industries (Rs94 crore), Educomp (Rs89 crore) and ICRA (Rs76 crore).

European Indices at 16:20 IST on 25-06-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6543.70

-23.70

-0.36

CAC 40 Index

5965.73

-57.52

-0.95

DAX Index

7851.18

-98.45

-1.24

Asian Indices at close on 25-06-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

18087.48

-101.15

-0.56

Hang Seng

21822.35

-177.56

-0.81

Kospi Index

1757.73

-13.25

-0.75

Straits Times

3580.33

-35.05

-0.97

Jakarta Composite Index

2152.20

-0.12

-0.01

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